Annuities are designed both to help you save money and to provide a source of income for your retirement. Because they are taxed-deferred, your money can grow faster.*

Prosperity Life Group offers a number of options to help you grow and to protect your retirement savings.

When you decide to retire, you choose how to receive your income payments – you can guarantee it for a certain time period or space it out over the rest of your life. If you should die before your income payments begin, your accumulated funds will be paid as a death benefit to your loved ones, or you can structure it so that your spouse will take over as owner of the annuity upon your death if he or she so chooses.

While deferred annuities are intended to be long-term investments, should the need arise, withdrawals can be taken against the accumulated cash value. This may incur a withdrawal charge or other adjustment.

We offer two kinds of deferred annuities – Fixed and Fixed Indexed – each with a variety of benefits and features to meet your individual needs and objectives, such as initial rate guarantee options, penalty-free withdrawals, return of premium, or withdrawal charge waivers if you become confined. Please see the materials in the links below for further details about the many different options Prosperity Life Group annuities provide. Your financial professional can help you with determining what annuity best suits your needs.

*Under current law, tax-deferral is available only for individuals or certain trusts treated as natural persons under the tax laws. Corporate entities and other non-natural persons are typically taxed on earnings annually. IRAs are already tax-deferred. Therefore, a deferred annuity should be used only to fund an IRA or qualified plan to benefit from the annuity’s features other than tax deferral, such as lifetime income and death benefit options.

Annuity withdrawals and other distributions, including death benefit payouts, will be subject to tax. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax penalty may apply. A withdrawal charge and market value adjustment (MVA) also may apply if within the withdrawal charge period. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits.

Prosperity Life Group, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.

Products not available all states – features may vary by state. Your agent may not offer all plans. The company reserves the right to change or modify any non-guaranteed elements, subject to terms of the policy.
No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency